Mednax, Inc (MD) financial statements (2021 and earlier)
Company profile
| Business Address |
1301 CONCORD TERRACE SUNRISE, FL 33323 |
| State of Incorp. | FL |
| Fiscal Year End | December 31 |
| SIC | 806 - Hospitals (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 187 | 107 | 107 | 113 | 59 | 48 | 48 | ||
| Cash and cash equivalents | 113 | 29 | 24 | 26 | 37 | 34 | 38 | ||
| Short-term investments | 75 | 78 | 83 | 86 | 22 | 14 | 10 | ||
| Restricted cash and investments | 16 | 20 | 20 | 20 | 19 | ||||
| Receivables | 499 | 495 | 504 | 523 | 542 | 523 | 528 | ||
| Prepaid expense | 22 | 21 | 15 | 13 | 19 | 18 | 16 | ||
| Disposal group, including discontinued operation | 322 | 326 | 373 | ||||||
| Other current assets | 23 | 20 | 18 | 17 | 18 | 16 | 14 | ||
| Total current assets: | 732 | 965 | 986 | 1,057 | 657 | 625 | 625 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 83 | ✕ | ✕ | ✕ | |||||
| Property, plant and equipment | 94 | 94 | 93 | 89 | 133 | 138 | 132 | ||
| Long-term investments and receivables | 70 | 81 | 90 | ||||||
| Long-term investments | 70 | 81 | 90 | ||||||
| Intangible assets, net (including goodwill) | 2,985 | 2,914 | 4,356 | 4,366 | 4,971 | 4,899 | 4,919 | ||
| Goodwill | 2,710 | 2,635 | 4,070 | 4,066 | 4,383 | 4,303 | 4,305 | ||
| Intangible assets, net (excluding goodwill) | 274 | 280 | 286 | 301 | 588 | 595 | 614 | ||
| Regulated entity, other noncurrent assets | 22 | ||||||||
| Restricted cash and investments | 1 | ||||||||
| Other noncurrent assets | 90 | 91 | 115 | 103 | 103 | 95 | 93 | ||
| Deferred tax assets, net | ✕ | 142 | ✕ | ✕ | |||||
| Other undisclosed noncurrent assets | 140 | 84 | 90 | 91 | |||||
| Total noncurrent assets: | 3,414 | 3,325 | 4,653 | 4,649 | 5,278 | 5,213 | 5,235 | ||
| TOTAL ASSETS: | 4,146 | 4,291 | 5,639 | 5,706 | 5,935 | 5,839 | 5,860 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 404 | 442 | 386 | 313 | 366 | 414 | 358 | ||
| Accounts payable | 40 | 38 | 32 | 32 | 31 | 31 | 28 | ||
| Accrued liabilities | 56 | 54 | 51 | 40 | 45 | 40 | 46 | ||
| Employee-related liabilities | 269 | 206 | 152 | 106 | 250 | 194 | 145 | ||
| Taxes payable | 7 | 5 | 2 | 45 | 31 | 22 | 52 | ||
| Interest and dividends payable | 33 | 28 | 34 | 27 | 9 | 15 | 5 | ||
| Other undisclosed accounts payable and accrued liabilities | 111 | 116 | 64 | 111 | 81 | ||||
| Debt | 23 | 0 | 1 | 1 | |||||
| Disposal group, including discontinued operation | 30 | 28 | 32 | ||||||
| Other undisclosed current liabilities | 115 | 28 | 26 | 70 | 134 | 22 | 52 | ||
| Total current liabilities: | 542 | 501 | 441 | 415 | 500 | 436 | 411 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 67 | 210 | 352 | 392 | 740 | 1,264 | 1,150 | ||
| Long-term debt, excluding current maturities | 210 | 352 | 392 | 740 | 1,264 | 1,150 | |||
| Finance lease, liability | 0 | ✕ | ✕ | ✕ | |||||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | 0 | ||||
| Operating lease, liability | 67 | ✕ | ✕ | ✕ | |||||
| Liabilities, other than long-term debt | 23 | 83 | 107 | 112 | 163 | 171 | 163 | ||
| Deferred tax liabilities, net | ✕ | 61 | 85 | 90 | 131 | 130 | 127 | ||
| Other liabilities | 23 | 22 | 22 | 22 | 32 | 41 | 36 | ||
| Other undisclosed noncurrent liabilities | 2,015 | 2,018 | 2,014 | 2,007 | 1,444 | 953 | 949 | ||
| Total noncurrent liabilities: | 2,105 | 2,311 | 2,473 | 2,511 | 2,347 | 2,387 | 2,262 | ||
| Total liabilities: | 2,647 | 2,811 | 2,914 | 2,926 | 2,847 | 2,823 | 2,673 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 1,499 | 1,479 | 2,725 | 2,780 | 3,088 | 3,015 | 3,187 | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Additional paid in capital | 988 | 978 | 967 | 978 | 993 | 999 | 1,033 | ||
| Accumulated other comprehensive income (loss) | 0 | (0) | |||||||
| Retained earnings | 510 | 501 | 1,757 | 1,801 | 2,094 | 2,016 | 2,153 | ||
| Total stockholders' equity: | 1,499 | 1,479 | 2,725 | 2,780 | 3,088 | 3,015 | 3,187 | ||
| TOTAL LIABILITIES AND EQUITY: | 4,146 | 4,291 | 5,639 | 5,706 | 5,935 | 5,839 | 5,860 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Gross profit: | 905 | 889 | 868 | 851 | ||||
| Operating expenses | (841) | (2,248) | (788) | (773) | (829) | (787) | (787) | |
| Other undisclosed operating income | 933 | 897 | 916 | |||||
| Operating income (loss): | 65 | (1,360) | 81 | 78 | 104 | 109 | 129 | |
| Nonoperating expense | (24) | (26) | (28) | (28) | (22) | (19) | (19) | |
| Interest and debt expense | (28) | (30) | (31) | (31) | (25) | (22) | (22) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 13 | (1,416) | 22 | 20 | 56 | 69 | 88 | |
| Other undisclosed income from continuing operations before income taxes | 28 | 30 | 31 | 31 | 25 | 22 | 22 | |
| Income (loss) from continuing operations before income taxes: | 41 | (1,386) | 53 | 51 | 81 | 90 | 110 | |
| Income tax expense (benefit) | (8) | 126 | (17) | (9) | (21) | (25) | (30) | |
| Income (loss) from continuing operations: | 33 | (1,260) | 36 | 42 | 60 | 66 | 79 | |
| Income (loss) from discontinued operations | (24) | 4 | (44) | (285) | ||||
| Net income (loss) available to common stockholders, diluted: | 9 | (1,256) | (8) | (243) | 60 | 66 | 79 | |
Comprehensive Income ($ in millions)
| 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 9 | (1,256) | (8) | (243) | 60 | 66 | 79 | |
| Comprehensive income (loss), net of tax, attributable to parent: | 9 | (1,256) | (8) | (243) | 60 | 66 | 79 | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.